GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) Stock Price Down 1% – Here’s Why

GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) shares were down 1% during mid-day trading on Tuesday . The company traded as low as $15.32 and last traded at $15.33. Approximately 1,225,996 shares traded hands during trading, an increase of 2% from the average daily volume of 1,206,799 shares. The stock had previously closed at $15.49.

GraniteShares 1.25X Long TSLA Daily ETF Stock Down 1.0%

The stock has a market capitalization of $10.88 million, a PE ratio of 10.72 and a beta of 1.84. The stock’s 50 day moving average price is $15.09 and its 200-day moving average price is $17.08.

Institutional Trading of GraniteShares 1.25X Long TSLA Daily ETF

A hedge fund recently raised its stake in GraniteShares 1.25X Long TSLA Daily ETF stock. Susquehanna International Group LLP grew its stake in shares of GraniteShares 1.25X Long TSLA Daily ETF (NASDAQ:TSL) by 67.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,371 shares of the company’s stock after purchasing an additional 10,597 shares during the quarter. Susquehanna International Group LLP owned approximately 1.62% of GraniteShares 1.25X Long TSLA Daily ETF worth $495,000 at the end of the most recent quarter. 51.48% of the stock is currently owned by institutional investors.

About GraniteShares 1.25X Long TSLA Daily ETF

The GraniteShares 1.25x Long TSLA Daily ETF (TSL) is an exchange-traded fund that is based on the Tesla, Inc index. The fund provides 1.25x leveraged exposure, less fees and expenses, to the daily price movement for shares of Tesla stock. TSL was launched on Aug 9, 2022 and is managed by GraniteShares.